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Bitauto Holdings Limited provides Internet content and marketing services for the automotive industry primarily in the People’s Republic of China. The company operates in four segments: bitauto.com Advertising Business, EP Platform Business, taoche.com Business, and Digital Marketing Solutions Business. The bitauto.com Advertising Business segment provides advertising services, including new automobile pricing and promotional information, specifications, reviews, and consumer feedback to dealers and automakers on its bitauto.com Website. The EP Platform Business segment provides Web-based integrated digital marketing and customer relationship management applications to automobile dealers in China. This segment’s platform enables dealer subscribers to create their own online showrooms, list pricing and promotional information, provide dealer contact information, place advertisements, and manage customer relationships. It also offers third-party marketing applications that enable subscribers to launch their advertisement on third-party Websites. The taoche.com Business segment provides used automobile listing services to automobile dealers and advertising services to automakers and automobile dealers. Its taoche.com Website allows consumers to navigate and select used automobile inventory from its database. The Digital Marketing Solutions Business segment provides one-stop digital marketing solutions, such as Website creation and maintenance, online public relations, online marketing campaigns, and advertising agent services. The company also distributes its dealer customers' automobile pricing and promotional information through its partner Websites, including portals operated by Tencent, Netease, and Qihoo 360, as well as social networking Websites and Internet video Websites. In addition, it provides customer services and training to dealer customers. The company was founded in 2000 and is headquartered in Beijing, the People’s Republic of China.

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Bitauto Holdings Limited Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter 2015

Mar 9 15

Bitauto Holdings Limited reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company's revenue was RMB 975,215,055 against RMB 483,613,023 a year ago. Operating profit was RMB 195,125,774 against RMB 104,085,302 a year ago. Profit before tax was RMB 188,478,394 against RMB 105,392,933 a year ago. Profit for the period attributable to ordinary shareholders of the parent was RMB 148,205,456 against RMB 93,392,560 a year ago. Non-GAAP profit for the period was RMB 197,426,394 against RMB 103,313,102 a year ago. Non-GAAP basic and diluted profit per ADS was RMB 4.50 and RMB 4.25, respectively. Cash from operating activities was RMB 366.7 million. Capital expenditure were RMB 99.2 million.
For the year, the company's revenue was RMB 2,458,938,024 against RMB 1,439,332,364 a year ago. Operating profit was RMB 538,162,202 against RMB 250,859,433 a year ago. The increase was primarily due to the business scalability and an increase in operating -- operation efficiency. Profit before tax was RMB 586,765,676 against RMB 263,483,179 a year ago. Profit for the year attributable to ordinary shareholders of the parent was RMB 485,190,724 against RMB 241,228,181 a year ago. Non-GAAP profit for the year was RMB 510,869,854 against RMB 263,225,389 a year ago. Non-GAAP basic and diluted profit per ADS was RMB 11.96 and RMB 11.21, respectively. The increase in revenue is mainly attributed to the growth of the bitauto.com advertising business, the EP platform business and the digital marketing solutions business. Cash from operating activities were RMB 413.6 million and cash used in investing activities such as capital expenditures were RMB 320.3 million.
For the first quarter 2015, the company currently expects to generate revenue in the range of RMB 630.0 million to RMB 650.0 million, representing a 78.2% to 83.9 year-over-year increase. The company currently expects non-GAAP loss attributable to ordinary shareholders of the parent from RMB 5.0 million to non-GAAP profit attributable to ordinary shareholders of the parent of RMB 5.0 million.

Bitauto Holdings Limited Announces Changes to Board of Directors

Mar 5 15

Bitauto Holdings Limited announced the appointment of Mr. Jun Hou as an independent director to its board of directors effective March 5, 2015. Mr. Jun Hou is currently chairman of Yanyuan Alumni (Beijing) Investment Management Limited, where he manages the Entrepreneur's Training Camp of Peking University. Mr. Hou has extensive experience in China's Telematics sector. He was the co-founder and served as the honorary chairman of the board of directors of Autonavi Holdings Limited, ("Autonavi"), from May 2013 to July 2014 and the chairman from April 2002 to May 2013. Mr. Hou also held the position of chief executive officer of Autonavi from April 2002 to October 2009. From June 1994 to April 2002, Mr. Hou served as the chairman of the board of directors and was actively involved in the operations of China Da Tong Industrial Co. Ltd. Prior to this, he worked at China Science and Technology International Trust and Investment Corporation from August 1990 to August 1993. In addition, Mr. Sidney Xuande Huang, chief financial officer of JD.com Inc. ("JD.com") and previously an independent director of Bitauto, remains on the board of directors of the Company as a director designated by JD.com. Mr. Huang has ceased to be a member of the audit committee of the board in accordance with the Company's strategic partnership with JD.com and Tencent, announced on January 9, 2015. Mr. Huang is succeeded by Mr. Erhai Liu as chairperson of the audit committee of the board, effective March 5, 2015. Furthermore, the company also announced that Mr. Weihai Qu resigned as director of the Company, effective March 5, 2015. Mr. Qu will continue to serve as a senior vice president of the company and chief executive officer of CIG, Bitauto's digital marketing solutions business.

Bitauto Holdings Limited to Report Q4, 2014 Results on Mar 09, 2015

Mar 2 15

Bitauto Holdings Limited announced that they will report Q4, 2014 results at 9:00 AM, China Standard Time on Mar 09, 2015

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